** PayPal PYPL.O announced on Tuesday that HP's Enrique Lores would replace current CEO Alex Chriss, who was brought in to steer the payments firm through slowing growth and heightened competition
** Co simultaneously issued a lackluster profit forecast for 2026
** Median PT of 44 brokerages covering the stock is $56.50 - LSEG-compiled data
CHRISS OUT, LORES IN
** J.P. Morgan ("neutral," PT: $46) sees Lores' appointment as a "creative decision" given his role in turning around legacy assets at HP (including leading the split of HP in 2015)
** TD Cowen ("hold," PT: $48) believes Lores' position on PayPal's board, before his appointment as CEO, will ensure smooth transition and continuity in PYPL's strategic priorities and 2026 operating plan
** Morningstar (fair value: $80) says Lores' experience managing a tech company and familiarity with PayPal's workings could boost growth in a shorter timeline
** Canaccord Genuity ("hold," PT: $42) sees platform consolidation and wallet-driven checkout reshaping consumer behavior; "the checkout with PayPal button is under pressure," Canaccord analysts say
(Reporting by Kanchana Chakravarty in Bengaluru)
((Kanchana.Chakravarty@thomsonreuters.com))
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